World oil demand forecast to suffer biggest drop ever
Apr 15, 2020

World oil demand forecast to suffer biggest drop ever

The International Energy Agency says world demand for oil will fall this year by the most ever due to the economic lockdowns enforced around the world to contain the coronavirus pandemic

Sep 18, 2019

Oil price drops on hopes for quick recovery of Saudi output

The price of oil is falling back further after the Saudi government said half of production that was knocked out by an attack over the weekend had already had been restored

Aug 16, 2019

Global stocks recover some ground at end of turbulent week

Global stock markets looked set to end a turbulent week on a positive note though worries about the U.S. economy and the trade conflict between the U.S. and China have the potential to derail Friday's recovery.

Jul 22, 2019

UK: Europe-led mission will protect vital shipping in Gulf

Britain says it's planning to develop and deploy a Europe-led 'maritime protection mission' to protect shipping in the vital Strait of Hormuz in light of Iran's seizure or a British-flagged tanker in the vital waterway

Jul 21, 2019

British Airways, Lufthansa suspend Cairo flights

British Airways, Lufthansa suspend flights to Cairo for unspecified reasons related to security and safety

Apr 30, 2019

BP first quarter earnings fall amid lower oil prices

Energy producer BP says first quarter earnings fell 9% amid lower oil prices

Apr 23, 2019

Oil prices spike further after US move on Iran buyers

Oil prices spiked Tuesday to their highest levels since October on supply fears, after the Trump administration said it would soon impose sanctions on all buyers of Iranian oil.

Apr 10, 2019

Western banks help Saudis raise $12 billion in bonds

Saud Arabia's oil company has raised $12 billion in a bond issue that shows Western investors are keen to do business with the kingdom despite the scandal over the killing of a dissident journalist.

Feb 13, 2019

UK inflation below official target for first time in 2 years

Official figures show that consumer price inflation in Britain has fallen below the Bank of England's target of 2 percent for the first time in two years

Feb 5, 2019

BP gets lift from higher oil prices and increased production

BP says fourth-quarter earnings jumped 65 percent as the London-based energy company rode the wave of higher oil prices and increased production

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